Here is the list of financial books for your consideration. All of these books made a significant difference in our wealth building journey. Hope it makes a difference in your wealth building journey.
Disclaimer: All the book links are “affiliate links”. It means that if you buy anything from Amazon after clicking on the book link, this site gets a fraction of the purchase. It does not cost you anything.
We will add more to this list. If you have a book suggestion, please reply in comments with 2-3 sentences about the book.
The book is a collection of notes by Benjamin Roth during the Great Depression. It is filled with valuable lessons that still apply today. Here is one of the excerpts from the book: “This depression has indelibly impressed on my mind one thing – and that is the value of having on hand sufficient capital to cover emergencies.” Another excerpt, “Every investor should at all times have a reasonable portion of his holdings in liquid securities that can’t shrink much.” This is one of my favorite books.
This is one of the classics. The book covers stock market history, portfolio theory, and portfolio policy. The book also contains commentary from Jason Zweig, a financial journalist. One of the key takeaways from this book is: Don’t let “Mr. Market” drive your investment decisions, stay the course, and invest for the long-term.
This is another classic book on investment strategy. In this book the author explains that investing in a broadly diversified passive index fund is one of the best investment strategies for a long-term investor as compared to active investing. This book covers basics of modern portfolio theory (MPT) and Capital Asset Pricing Model (CAPM) as well as behavioral economics.
The Psychology of Money By Morgan Housel
This book is a collection of Morgan Housel’s past writings and podcasts. As the title suggests the book delves into behavior and discipline about investing or money in general. It is beautifully written in the form of story telling. The book will make you think deeply about your relationship with money.
If you are interested in the history of financial speculation this is the book for you. It covers everything from the Tulip mania in the 1600s to the Japanese stock market bubble in the 1980s to the technology boom of the 1990s. It is a well researched book on investment speculation mania and its aftermath.
In this book, Mr. Bogle describes the simplest and most effective investment strategies for building wealth over the long-term. The book also includes further guidance on asset allocation and retirement investing.
This book is for anyone who wants to learn how to invest money on your own (Do-It-Yourself, DIY investors). In addition, the book provides guidance toward simplistic investment strategy.
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